EV Affordability: Savings, Costs, & Incentives

EV Affordability

Unveiling EV Affordability

The electric vehicle revolution is upon us, and Twin State Ford is here to guide you on your exciting journey toward sustainable and cost-effective transportation. While the initial purchase price, or MSRP, of an EV may differ from a traditional gasoline-powered vehicle, a closer look reveals a compelling story of EV affordability – one fueled by significant cost savings and government incentives. Take a test drive at Twin State Ford in St. Johnsbury, VT, to discover the incredible savings of a Ford electric vehicle today. 

EV Costs Savings

Unveiling the Hidden Benefits: Unveiling EV Cost Savings

Let's delve deeper into the financial advantages that make electric vehicle affordability a reality.

  • Reduced Fuel Costs: This is perhaps the most significant benefit of EV ownership. Imagine never having to revisit a gas station! With a Ford EV, you'll trade expensive gasoline fill-ups for the convenience and cost-effectiveness of charging at home or readily available public charging stations. Electricity costs are generally lower than gasoline, leading to substantial long-term savings.
  • Regenerative Braking: Ford's innovative regenerative braking technology captures energy during deceleration and puts it back into the battery, extending your driving range and reducing wear and tear on the braking system. This translates to improved fuel economy and lower repair costs down the line.
  • State and Federal Incentives: EV affordability receives a significant boost thanks to government incentives. The federal tax credit for electric vehicles offers a substantial tax break for purchasing a new EV. Additionally, many states, including Vermont, offer EV tax credits and rebates, further enhancing EV affordability.

Unlocking the Power of Incentives: The Ford EV Tax Credit and VT EV Tax Credit

Let's explore the financial benefits of the federal EV tax credit and the Vermont EV tax credit. 

  • Federal EV Tax Credit: The current federal tax credit allows you to deduct a significant amount from your federal income taxes when purchasing a new qualifying Ford EV. This credit reduces the upfront cost of your EV, making it a more accessible and affordable option.
  • VT EV Tax Credit: Here in Vermont, we're committed to promoting sustainable transportation solutions. The Vermont EV tax credit offers additional financial support for those choosing to go electric. This state-level incentive further enhances EV affordability, making Ford EVs an even more attractive proposition for Vermonters.

The State of Vermont offers up to $10,000 for eligible purchases of electric and high-efficiency vehicles. EVs are eligible for $2,500 to $5,000, while high-efficiency cars are eligible for up to $5,000. 

Ford EV Tax Credit

The Road to a Sustainable Future Starts Now

Twin State Ford offers a thrilling selection of Ford EVs and plug-in hybrids, including the Ford Mustang Mach-E, an all-electric powerhouse with a captivating design and extended range. For those seeking versatility, the Ford Escape Plug-In Hybrid seamlessly blends electric driving with the security of a gasoline engine. And for those seeking an electric truck that redefines capability, the Ford F-150 Lightning delivers ground-breaking power and innovation. With a Ford EV or plug-in hybrid, you can embrace the electric future while enjoying exceptional affordability.

Visit Twin State Ford today and explore our exciting range of Ford EVs. Our sales team can answer your questions, guide you through the available tax credits, and help you discover the perfect EV that aligns with your budget and driving needs. Let's embark on the electric journey together towards a more sustainable future!

EV Charging Options

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